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and hillary clinton were awol and the defense department and the joint chiefs of staff were apparently unable to do anything to save our boys. tough story. we'll talk about it. "the kudlow report" begins right now. >>> first up the big story this evening. the northeast getting pounded with snow. nbc's jay gray is in boston, and that's still expected to be where the worst of it will happen. jay, governor patrick in massachusetts ordered all cars off the road at 4:00 p.m. today. does it look like people are following that order? >> reporter: hey there and good evening from boston. yeah, for the most part it looks like people are complying with that order to stay off the roadways. from our vantage point over the last couple of hours all we've seen are plows, sanding trucks and emergency officials out. that's good news. it means people are listening. they're inside their homes and trying to ride this storm out. look, this may be the hardest-hit area in this blizzard. forecasters saying we could see 2 to 3 feet of snow when it's all over. and unfortunately as the wind picks up here we're going to
your judgement, who is the reagan kemp clinton optimist. the person to watch on the speaker said is john boehner. he is going to be the player tonight listening slowly. if the president is signaling a willingness to compromise. >> the polls are pretty clear on this. and you mentioned bill clon t clinton. clinton said we don't have an external enemy right now. you said the era of big government is over. >> and that is opt mi miss many. what clinton said is our enemy is ourselves. our enemy is dysfunction al government. the president is going to speak to the american people about the economic issues that matter most to them and i think that is important. >> if he talks about tax hikes republicans are going to tune out. >> it is possible that he could turnout to be the optimist tonight. i want to wait and see. >> the guy i'm watching tonight is marco rubio. he is optimistic guy and i happen to know he has a great pro growth message. meanwhile jared bernstein and robe robert, i appreciate both. joining us next senator johnson and former democratic governor robert dean. i'm kudlow, we
we got with clinton. >> that's what we got with clinton. he took spending from 21% to 18%. we had an economic boom. milton friedman was right. that's why the gop should get wise and label this an economic growth measure. dan mitchell, thank you very, very, very, very much. now, folks, another question. does welfare really help the poor? we're going whole hog tonight. we got a blockbuster new report that shows welfare actually hurts the poor. that's next up. and later, did you see this? it's a massive meteor strike in russia, leaving hundreds injured. scientists say the impact was similar to a nuclear blast. we're going to have the latest on that. please don't forget, free market capitalism, not welfarism, is the best path to prosperity. it is ladies' night on "the kudlow report." and i know in their hearts they are all free market capitalists. i'm kudlow. we'll be back. ♪ oh, yes it's ladies' night ♪ oh, what a night ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the purs
, particularly the second half of the 90s, would you have called that the clinton bull market? >> absolutely, for one big reason. government spending was below 19%. i want that g out of there and the i up. >> in the 1980s you would have called that the reagan bull market? >> absolutely. >> but i can't get you to say it's the obama rally. >> what but? >> i think it's the bernanke profit making businesses ceo lean and mean rally, maerk's resilient private secretator, t heart of the free market economy is holding up better than i would have guessed and good for them. thank you very much and michael, who likes some decades better than others. now, folks, have you seen a weather forecast lately? not good, massive snowstorm on the way for the northeast. they're talking about this being an historic event. we have the latest on that just ahead. come on, nowadays lots of people go by themselves. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ i'm lorenzo. i work for 47 different companies. w
under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the balance is there. now it is time to look at the other side which is spending cuts and entitlement reform. that's what hasn't come yet. >> i have to get out. thanks very much. appreciate it. you're both great. so are house republicans prepared to put up a spending cut fight with the president some let's get t? let's get the gop perspective. mr. roscom, what is your response to president obama's rift today? >> well, look, this is president obama's sequester to pay for the old ket credebt ceiling deal. that being said, the president also in december last time you and i talked had a great deal to say about all these revenues that were coming in and he created the impression on the part of the american public that all of our fiscal problems were going to go away. it was all going to be great if simply those tax rates went up. well, the tax rates went up, the presi
scenarios. it's just federal agencies playing politics. we cut spending under clinton and reagan and we did it after world war ii. we did it under calvin coolidge. in every case it was pro growth and private prosperity. let's get the job done asap. our cnbc contributors have some thoughts of their own. i want to talk about mr. costa, i want to go to mr. costa first. i want to hear about this big sequester news the president on the phone with john boehner and mitch mcconnell. i didn't even know he had their numbers. what's going on here. >> the relations between capitol hill republicans and president have been quite icy for the past few months but the president called mitch mcconnell and john boehner but according to my inside sources those calls were unproductive. impasse about the sequester continues. >> no deal? >> no deal happening. republicans don't say to the president we're not going to raise taxes regardless of the kind of political pressure you put on us and the scare tactics you have about the potential job losses. >> will we see last minute negotiating? >> i think so. it will go r
, being a democrat, one of my favorite democrats is bill clinton. what did bill clinton do working with republicans? cut spending. what did the economy do when bill clinton worked with the republicans to cut spending? the economy boomed. that's your model. >> but it's the sequester, which means you that can't cut spending smartly. it's just across-the-board random cuts. i'm for cuts. i'm one that will agree that we do have to cut spending. but we've got to do it in a balanced way. we've got to cut spending. i don't think anyone will argue that. we cut spending before in the budget control act. we cut some spending. but we do believe it's got to be done in a balanced way, that we cut spending because the ultimate goal is to have a balanced budget. cut spending and find more revenue, collect it together. >> i knew the r word was coming. >> absolutely. >> i knew the r word was coming. it was coming up here. bob costa, let me just ask you. i'm looking at the late posting on the "new york times" website. democrats press gop to start talks to avert budget crisis. this is with six days to
back to 19%. bill clinton, like the calvin coolidge. >> i think while it's bad for everybody, i think it's worse potential for the republicans. poll after poll, if you look at the full picture, it showed a majority of americans believe it's the republicans not willing to come to the table and make a deal, a. b, they like this concept of the balanced approach the president has been talking about. what are they hearing now as he head toward this magic day? the president saying let's try to make a deal, can we do something smaller? whether you agree with it, i'm saying the politics is the president seems to be in the position of trying to get a deal where the republicans are say we can't do everything. >> the president is trying to get a tax hide without any spending cuts. >> haz absolutely incorrect. he said he would do both. >> i have told by the majority leader the tax increases are real, the spending cuts aren't. he offered two bills that passed the house. >> all on domestic spending. >> you have to cut spending. >> all on domestic -- so you think there's no bloat in the military spe
, limited government, stronger private sector, great for economic growth, happened during the clinton years, happened during the reagan years, happened after world war ii, it happened during the calvin coolidge '20s. >> uncle, uncle. >> the calvin coolidge '20s. >> i think your $44 billion is a legitimate number because that's t o the outlays versus the cuts which takes place over more than one year. it comes out of the economy, just not in one year. if you look at the nonpartisan shops who have looked at the impact on the economy, they all coalesce around one number. they say this sequestration if it takes effect and holds will take about .5% of gdp growth out of the 2013 economy. now, that doesn't sound very good to me. we were just talking about how the economy's already growing too slow as far as we're concerned. i don't believe the fourth quarter recessionary number. i think that's going to be revised up. but if you think this is an economy that can take a 50-basis point whack to gdp growth, perhaps we're in a different world. >> here's the thing, let's go through this. 44 billion is t
, honestly. if you recall at the golden globes, bill clinton was a presenter there. it almost felt like the oscars felt like they had a need to one-up the golden globes by having the actual president's wife rather than the former president presenting. and i kind of felt like it would have been more appropriate if she welcomed everyone at the beginning of the evening instead of being there at the height of -- you know, to take the football being passed off from jack nicholson. and he's pretty famous. he's a pretty good get as a presenter as it is. no, no, we're really going to amp it up for you this time. that's how it felt to me. >> i found it very disturbing. >> disturbing? >> the sense i got from it is young people are big president obama supporters. a lot of young people watch the oscars. there are a lot of social media about the oscars. that's to me what this was about. i couldn't think of any other reason why the first lady would do this. >> well, i don't know how young the viewers of the oscar telecast are. i think they were trying to go younger when they invited seth macfarlane t
the clinton administration. >> w lowered marginal -- >> he did a little bit. at the time he did it, that's when the economy collapsed. but what i think she's missing here, if i can, is the reason they're all over there in ireland and all these others is because we have a double taxation system, we're the only major country in the world -- >> and obama loves it. >> we have the highest single tax rate, corporate tax rate in the world. >> it's one of the things he rejected. that was one of the biggest things he rejected. hang on, we're going to do a little stock market work, but you're all going to stay with me. first, i want you to listen to this bullish piece from my pal professor jeremy segal of penn. >> we're going to see earnings per share, i think 5% to 8% higher and i think we're going to get expanding multiples, which is going to send us well above dow 15,000. >> well above dow 15,000. i kind of like that. however, however, byron wean, a smart guy, today he said he's looking for a major correction. so andy, which is it going to be? are we going to have 15,000 dow or major correction
hour. democratic strategist, a former clinton adviser. dick morris, co-author of "here come the black helicopters" and returning star parker founding president of urban renewal and education. welcome. dick morris, explain to me this. detainees being pushed out. the world is going to hell in a handbag. the military can't function. kids won't eat, they won't be able to go to school. what is obama thinking he's accomplishing with all this gloom and doom. >> he knows he'll lose the sequester fight because congress does better than nothing any other institution on earth. the sequester takes effect. the reason he's making a big fight or sequester he knows his $300 billion of tax increases are going to mess up the economy. he knows that your optimistic projections are not going to happen because of his tax policies. so what he's doing is inventing this boogieman, 85 billion of sequester. it won't be 300 billion of taxes or 200 on payroll or 70 on rich or capital gains. 85 million of cuts. >> spending terms 45, less than that. so small, it's so small it is one quarter of 1% of gdp. so you're
is so weak. if you go back to the last two booms we had, the clinton and reagan boom when there was huge demand for oil, the price was nowhere near it is now. it's obama's week dollar that has driven up the price of oil. >> we may be energy independent, austan. that's the kie keye point i'm trying to make. let me move on to the infrastructure. he wants another $50 billion of infrastructure. nobody is against infrastructure but anybody up on the hill says there should be long-term planning so we can do it efficiently. >> i agree with that. >> he has put so much extra money that never was shovel ready. you've heard that line, he used it himself, and here, too, i got to say to you all this government money, if it was going to jump the economy, why hasn't it jumped the economy? if it was going to work up till now, why hasn't it worked? infrastructure, he's going to have housing credits again. we've done all this. we've done all this. >> let's do it one at a itime. >> i don't like the government planning. i like free market resources. >> neither do i. in the case of infrastructure, the presid
Search Results 0 to 12 of about 13